Woodside said it would issue new shares to BHP shareholders in exchange for the mining giants petroleum business. Menyn komponeras och kvalitetsskras av vr duktiga kock som i sin tur verfr kunskaperna till vrig kkspersonal. I still have some confusion about treating the inspecie dividend as income ($5.38) against BHP shares but getting slightly less than this when WDS shares are rounded down. [28] BHP shareholders who become new BHP shareholders closer to the cut-off date for submission of elections and who wish to nominate that they are an Eligible SA Shareholder, will need to ensure that their shareholding has settled on the BHP Australian principal share register before they submit such an election, and by no later than 5.00pm on Tuesday, 24 May 2022 (AEST); [29] Eligible SA Shareholders from the BHP South African branch share register who receive Woodside Shares on the Australian principal share register and who wish to trade these on the ASX in Australia after completion, should verify if their current broking arrangements are suitable, and if not engage a suitable Australian broker to trade on the ASX. No guarantee, representation or warranty, express or implied, is made as to the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns, statements or tax treatment in relation to future matters contained in this presentation. Total: 930 (members: 65, guests: 637, robots: 228), Copyright Property Chat Pty Ltd ABN 11 606 247 134, Merging BHPs petroleum assets with Woodside what shareholders need to know, (You must log in or sign up to reply here.). Rising Interest Rates & Inflation Ahead! No. Woodside has acquired the entire share capital of BHP Petroleum International Pty Ltd 375 of 2017) (as amended) of Ireland, and the recipients of this document should seek independent legal and financial advice in determining their actions in respect of or pursuant to this document. If you want to buy BHP shares to get the entitlement to the special dividend (and Woodside shares), you will need to do so by Tuesday 24 May. This announcement has not been reviewed or approved by any competent authority for the purposes of the EU Prospectus Regulation. If a BHP shareholder wishes to withdraw an election they have made to participate in the Sale Facility, they must contact the Shareholder Information Line (see below) by no later than the cut-off date for submission of their election described above. It is also worth noting that BHP shareholders who are Australian tax residents would be able to use franking credits to offset any tax payable on the dividend. I received 11 shares of WDS and I had a little over 30 shares of BHP. This would enable you to maximise the amount you are salary sacrificing to super. BHP ADS holders will be treated as eligible to participate. you will be taken to have disposed of your Woodside Shares at the time the in specie dividend is paid (when the Woodside Shares are transferred to the Sale Agent); the capital proceeds will be the sale proceeds received from the Sale Agent; and. Hi All. As a result, BHP has now distributed Woodside shares to eligible BHP shareholders. It has been prepared without having regard to or taking into account any particular investors objectives, financial situation and/or needs. There will be no impact to the existing tax cost base of BHP shares for Australian shareholders as a result of the merger. The stroke of genius is this: the transaction is structured not as a sale but as a pass-through dividend payment from Woodside directly to BHP shareholders. *t{sz@5}'d8{GXG In lieu of a cash dividend payment, you will receive shares. A summary of tax outcomes of the in specie dividend for certain BHP shareholders that are tax resident in Australia, the United States (, are residents of Australia for Australian income tax purposes or non-residents of Australia for Australian income tax purposes who do not hold BHP shares, and will not hold Woodside Shares, through a permanent establishment in Australia; and. This may vary depending on the BHP register as at the Record Date and could also be lower where South African BHP shareholders validly elect to receive the Woodside Shares to which they are entitled. Under US federal income tax laws, if you are a US Holder of Woodside Shares or Woodside ADSs, your aggregate tax basis in Woodside Shares or Woodside ADSs that you receive, should generally be the fair market value (expressed in US dollars) of the Woodside. It should not be relied on and is not indicative of future performance, including future security prices. No offer of securities of Woodside to the public is made, or will be made, that requires the publication of a prospectus pursuant to Irish prospectus law (within the meaning of section 1348 of the Companies Act 2014 of Ireland) in general, or in particular pursuant to the EU Prospectus Regulation. This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy any securities or a solicitation of any vote or approval with respect to the Merger or otherwise, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Because not actual benefit has been received for this rounding amount, I assume we could simply reduce the in specie dividend to the value of the WDS shares received. Thank you for your recent enquiry. Know the non-concessional contributions cap? Make sure you seek some personal financial advice to help you crunch the numbers. South African shareholders should refer to the section on "What happens to South African resident BHP shareholders?". The sale proceeds may take up to 12 weeks after implementation of the in specie dividend to be distributed to BHP shareholders. Thinking about your next career move? You may recognise a capital gain or loss for US federal income tax purposes equal to the difference between the US dollar value of the amount that you realise and your tax basis, determined in US dollars in respect of the disposal of your Woodside Shares or Woodside ADSs. You are advised to acquaint yourself with the SFA provisions relating to on-sale restrictions in Singapore and comply accordingly. --------------------------------------------------. You also need to be carefull that the CA does not affect the BHP cost base. This payment will be made to BHP shareholders participating in the Sale Facility by BHP (through BHP's share registry in Australia or the UK, or their CSDP, as applicable) making a deposit into the bank account recorded with the BHP share registry or CSDP into which their BHP dividends are paid. If you originally purchased your BHP shares (for say) $30.00, then after the merger, your cost base is still $30.00. 0520-83717 Woodside AGM to approve merger - Thursday 19 May, Last day BHP shares trade cum distribution - Tuesday 24 May, Small shareholder sale election deadline - Tuesday 24 May, BHP shares trade ex distribution - Wednesday 25 May, Completion/dividend payment date - Wednesday 1 June, New Woodside shares trade on the ASX - Thursday 2 June. Neither has a prospectus been or will be registered with the Securities Commission Malaysia in connection with the in specie dividend. This material is intended to provide general advice only. 28. The closing price of Woodside shares on ASX on 31 May 2022 was A$29.761. Stay in touch with the latest news, stories and insights from BHP. Any general tax information provided in this publication is intended as a guide only and is based on our general understanding of taxation laws. It is core to our strategy and sits at the heart of everything we do. Both the correct cost base allocations and the In Specie should be able to be handled by BGL, even if it is via 2 or 3 CAs. Combined market The closing price of Woodside shares on ASX on 31 May 2022 was A$29.761. Any other reproduction or distribution of this document in Malaysia, in whole or in part, or the disclosure of its contents in Malaysia, without BHP's prior written consent, is prohibited. This announcement has not been reviewed or approved by any competent authority for the purposes of the EU Prospectus Regulation. In addition, this summary does not address the Medicare tax on certain investment income, information reporting and backup withholding requirements, US federal estate or gift tax laws, any state, local, or non-US tax laws, any tax treaties, or any other tax laws. This document has not been reviewed or approved by any competent authority for the purposes of the EU Prospectus Regulation. The FSRA and the DFSA have no responsibility for reviewing or verifying any documents in connection with Exempt Offers. Our advisers are qualified and experienced and we don't outsource. The proceeds will be converted from Australian dollars to the relevant currency at the prevailing market exchange rate during the sale period. If for example you own 100 BHP shares, you will receive 18 Woodside shares. [3] A CSN Facility is the corporate sponsored nominee facility arranged by the relevant company with Computershare Investor Services PLC to hold DIs in the company for and on behalf of participants in, and on terms and conditions that govern, the facility. No fractional Woodside ADSs will be issued or delivered to holders of BHP ADSs. The closing price of Woodside shares on ASX on 31 May 2022 was A$29.761. a trust (A) the administration of which is subject to the primary supervision of a US court and which has one or more "United States persons" (within the meaning of Section 7701(a)(30) of the Code) who have the authority to control all substantial decisions of the trust or (B) that has made a valid election under applicable US Treasury regulations to be treated as a United States person. Pro forma equity ownership of . Our purpose is to bring people and resources together to build a better world. [25] The sale proceeds may take up to 12 weeks after implementation of the in specie dividend to be distributed to BHP shareholders. BHP shareholders are expected to be entitled to one Woodside Share for every 5.5340BHP shares they hold on the Record Date. Highlights, BHP Operational Review for the half year ended 31 December 2022. Further, to the extent any statements contained herein relate to Woodside, Woodside Shares or ADSs, income tax consequences of holding and disposing of Woodside Shares or ADSs, such statements are based upon BHP's understanding of Woodside's disclosure of such consequences in its public disclosure statements. Stay in touch with the latest news, stories and insights from BHP. What is the Cost per old share and the cost per new share? Superannuation, SMSF & Personal Insurance. Doesnt look like BHPXF needs to be created. Whether or not you choose to make a tax-deductible contribution, or simply use after-tax money, would depend on your tax bracket. Unlike Woodside shareholders, BHP shareholders arent being asked to approve the merger. Based on Woodside's share price of US$25.55 at 6 April 2022, the implied value of BHP Petroleum is US$23.4 billion. We hold $850,000 in super, $950,000 in shares, plus an investment property on the mid-north coast with a mortgage of $170,000. Does the BHPXF investment need to be created? iDP>=[_4P\"g\q|;Na*g8$R[xw'`$Ns5}@;U?Di#g ? They should not provide this info if a tax ruling is pending. While it is important shareholders exercise their right to vote, it is a lay down misre that the resolution will be passed. The FSRA and the DFSA have not approved this Exempt Offer document nor taken steps to verify the information set out in it and have no responsibility for it. The BHP ADS Depositary is expected to recommence permitting cancellations and withdrawals of BHP ADSs from 5:00pm Friday, 3 June 2022 (EDT), following payment of the in specie dividend. Received some Woodside Shares from the recent merger. Based on the assumptions described in this announcement, upon implementation, BHP ADS holders as of the Record Date for BHP ADS, which is expected to be 5:00pm on 26May 2022 (EDT), are expected to be entitled to receive approximately 0.3614 of a Woodside ADS in respect of each BHP ADS owned at that time (subject to payment of taxes and applicable fees and expenses of Citibank, N.A , acting as the depositary of each of the BHP and Woodside ADSs (the BHP ADS Depositary and the Woodside ADS Depositary, respectively)). Employees who continue to be employed by BHP will not receive the in specie dividend in respect of any unvested equity award or matching entitlement, and the value of the underlying BHP share to which they will receive on vesting will be reduced as a result of the in specie dividend that has been determined. BHP received 914,768,948 Woodside shares as consideration for the sale of BHP Petroleum. Woodside Energy says it has completed its merger with BHPs oil and gas portfolio and new Woodside shares will start trading this week. BHP DI holders holding through the BHP CSN Facility will be treated as eligible to participate. The Corporate Action does nothing to address the In Specie div. This is allocated by Euroclear and can be found by viewing the relevant Corporate Action details in CREST; the Delivery Instruction with a priority of 80; contact name and telephone number in the shared note field. It looks like the CA would not give me (us) the answer. Our purpose is to bring people and resources together to build a better world. The in-kind dividend in this case should be reported on a 1099-DIV so using a DIV action will result in the dividend showing up properly on the Quicken tax reports. ), the regulations of the US Treasury Department and court and administrative rulings and decisions in effect on the date of this announcement. The words 'anticipate', 'believe', 'aim', 'estimate', 'expect', 'intend', 'may', 'target', 'plan', 'forecast', 'project', 'schedule', 'will', 'should', 'seek' and other similar words or expressions are intended to identify forward-looking statements. #$r{h`}Xp$3t/[6b8X`-,B- ;%Z]*S{glj^p"*r hI DRMf]5CkH+Tva (W~Gm\}J-035f"xwwF:SNc`|KN 08 April 2022. It is core to our strategy and sits at the heart of everything we do. Fre Lr 10.00 22.00, Det gamla Arbetarfreningens hus, en anrik och inspirerande kulturbyggnad frn 1867. Investors on both sides of the merger will retain their underlying shareholdings in each company. It must not be delivered to, or relied on by, any person apart from the shareholders of BHP in connection with proposed in specie dividend and participation in the Sale Facility. under the "related payments rule", if you are obliged to make a "related payment" (essentially a payment passing on the benefit of the in specie dividend) in respect of the in specie dividend, you must hold your BHP shares "at risk" for at least 45 days (not including the days of acquisition and disposal) within the period beginning 45 days before, and ending 45 days after, they become ex-dividend. Were sorry, this feature is currently unavailable. Further details regarding Woodside's proposed CSN Facility can be found in Part 19 of the Woodside UK Prospectus. It is core to our strategy and sits at the heart of everything we do. '_mqG"8atL~9#>3C>izcQYh'?>'"8jH|4+OsR}2=>EB@wa;Ass\{: Woodside will retain its primary listing on the ASX and is seeking a standard listing on the LSE and a sponsored Level III ADR program on the NYSE from completion of the Merger. Germany: This announcement does not constitute a prospectus according to Regulation 2017/1129/EU of the European Parliament and of the Council ("EU Prospectus Regulation") and has been prepared on the basis that the transactions described in this announcement do not constitute a public offer within the meaning of the EU Prospectus Regulation. 375 of 2017) (as amended) of Ireland or otherwise. Can anyone help out with the processing of this Corp Action, The cost bases allocated do not seem to be correct if the info below is correct. In order to make separate elections, the trustee or nominee must establish distinct holdings by 5:00pm on 24 May (AEST) on the BHP Australian principal share register or by 6:00pm on 26 May (BST) on the BHP DI register in respect of each parcel of BHP shares or DIs and must make a separate election in respect of each such parcel of BHP shares or DIs. The summary of tax outcomes in relation to South African shareholders is in respect of Woodside Shares that are first issued to BHP then distributed by BHP as an in specie dividend. BHP dividend statements and Woodside holding statements are expected to be despatched to eligible BHP shareholders in mid-June 2022. Uteservering 350 platser samt barhng. Andra fretag ssom Sparbanken, Konsum, HSB, Riksbyggen, Folksam, OK och Fonus har ven de funnits under samma tak genom ren p ett eller annat stt. Copies of such documents may also be obtained from Woodside and BHP without charge. Dividend entitlement BHP received 914,768,948 Woodside shares as BHP has paid the in specie dividend and distributed Woodside shares today in line with the details described in BHPs announcement on 20 May 2022. The sale facility is the facility organised by BHP pursuant to a Share Sale Facility Agreement under which a sale agent, J.P. Morgan Securities Australia Limited or one of its affiliates, will sell the Woodside Shares represented by (i) the aggregate of all fractions of a Woodside Share that are subject to the rounding treatment described above to ensure each BHP shareholder receives a whole number of Woodside Shares; (ii) the dividend entitlement of Ineligible Overseas Shareholders; and (iii) Eligible Small BHP shareholders who have validly elected to have the Woodside Shares to which they are otherwise entitled sold via the Sale Facility. you hold a "non-portfolio interest" in Woodside. [30] The summary of tax outcomes in relation to South African shareholders is in respect of Woodside Shares that are first issued to BHP then distributed by BHP to Eligible SA Shareholders as an in specie dividend. The broker market analysts are positive on the merger, and this has been one of the reasons why Woodsides share price has risen strongly since it was announced .While the share price rise has been mainly driven by a higher oil price, the merger improves Woodsides asset base and has the potential to improve cash flow and deliver operating synergies. Som gst ska du kunna koppla av till nymalet kaffe i vrt rofyllda lge lngst med kanalen. It is noted that Division 230 will generally not apply to the financial arrangements of individuals, unless an election has been made for those rules to apply. BHP Group (BHP) and Woodside Petroleum Ltd (Woodside) entered into a share sale agreement (SSA) for the merger of BHPs oil and gas portfolio with Woodside by an all-stock